Arabian Centres headquarters
Arabian Centres is planning a sale of $500 million sukuk, which is expected to be issued before the month of Ramadan, Reuters reported, citing sources familiar with the matter.
Proceeds from the planned debt sale will be used to refinance outstanding debt and to back expansion plans, said one of the sources.
HSBC is helping the firm to arrange the deal, the sources said, with one of them adding Goldman Sachs has also been chosen to lead the transaction.
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